septianvicki1
02-28

Bitcoin's recent crash to $80,000 has left many investors wondering how much further it will fall. While it's impossible to predict with certainty, we can look at some key factors that might influence Bitcoin's price.


Firstly, Bitcoin's current price is already down by 7.29% in the last 24 hours, with a low of $78,258.52. This significant drop could be a sign of a larger correction in the market.


Historically, Bitcoin has experienced several price corrections, with some being more severe than others. For example, in 2018, Bitcoin's price dropped from around $17,000 to $3,200, a correction of over 80%.


In terms of technical analysis, some experts believe that Bitcoin's price could drop to around $60,000 or even lower if it breaks through the support level of $78,000.


However, it's essential to remember that the cryptocurrency market is highly volatile and unpredictable. Many factors, such as global economic conditions, regulatory changes, and investor sentiment, can influence Bitcoin's price.


In conclusion, while it's difficult to predict exactly how much further Bitcoin will fall, the current market trends and historical patterns suggest that it could potentially drop to around $60,000 or lower. However, it's crucial to do your own research and consider multiple perspectives before making any investment decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • jessica_twt
    03-04
    jessica_twt
    $60000? Yes, it’s possible if the bear market begins.
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